By John Lee. Iraqi Prime Minister Mohammed Shiaa Al-Sudani laid the foundation stone for the Al-Ghazlani City housing project in Nineveh on Monday morning. The city, the second to be built as part of an initial phase of five cities, will comprise 28,000 housing units over 4,800 hectares. The second phase will see 11 residential […]
By John Lee. Ziad Ali Fadel, the Minister of Electricity, presided over the signing of a memorandum of understanding for the second phase with the Japanese company Toyota [Toyota Tsusho], aimed at enhancing the networks and capabilities of electrical system. The Japanese Ambassador to Iraq was also present at the signing ceremony. According to the […]
By John Lee. The Central Bank of Iraq (CBI) has reported an increase in foreign reserves to 148 trillion dinars [$113 billion] and deposits in the banking sector to 131 trillion dinars [$100 billion], which it says indicates a positive trend in monetary stability and financial growth. According to the state-run Iraqi News Agency (INA), […]
By John Lee. Iraq's Minister of Electricity has held discussions with a delegation from the Emirati company AMEA Power, which specialises in renewable energies. During the meeting, they reviewed the current status of Iraq's electrical system and the government's efforts to enhance service quality and reliability through strategic projects. The Minister welcomed Emirati companies interested […]
By John Lee. A delegation from the Egyptian company Egytrafo, which specialises in manufacturing electrical transformers, met this week with Ziad Ali Fadel, the Iraqi Minister of Electricity. During the meeting, which was also attended by the Chargé d'Affaires of the Egyptian Embassy in Iraq, they discussed mutual cooperation between Iraq and Egypt, emphasizing the […]
By John Lee. Iraq's Ministry of Water Resources has announced the selection of locations for "over 36" (sic) dams for water harvesting across Iraq. The ministry emphasized the intensive attention given to this project by Prime Minister Mohammed Shiaa Al-Sudani. According to the Director-General of the General Authority for Dams and Reservoirs at the Ministry, […]
By John Lee. On Thursday, Prime Minister Mohammed Shiaa Al-Sudani received a delegation from the Turkish company Limak, specializing in transportation and construction projects, led by the company's founder, Mr. Nahad Ouzdemir. During the meeting, the Prime Minister highlighted the investment and developmental opportunities for the company to contribute to Iraq, particularly in infrastructure, transportation […]
By John Lee. The University of the Arts in Bremen, Germany, (Hochschule für Künste Bremen - HfK) will partner with the College for Fine Arts in Sulaymaniyah and the Goethe-Institut Irak to establish the first design study program in Iraq. Over the next four years, the "Visual Communications" study program will be developed and designed […]
By John Lee. The board of Iraq's Industrial Cities Authority has discussed the establishment of an integrated industrial city for iron and steel production at the site of the State Company for Iron and Steel (SCIS) in Basra, as part of the Basra Economic Capital project. The industrial city will integrate sponge iron [direct reduced […]
By John Lee. An Iraqi delegation, led by Finance Minister Taif Sami Mohammed, held discussions with IMF experts during the fourth Article IV consultations, held in Amman, Jordan, from February 27 to 29. Discussions centered on Iraq's reform program, focusing on fiscal and banking policies, digital infrastructure, financial inclusion, public debt issues, and measures to […]
By John Lee. Gulf Keystone Petroleum (GKP) has said that local sales volumes have rebounded in recent weeks. It adds that sales for February are expected to be above expected monthly net capex and costs. Full statement from GKP: Update on Shaikan Field local sales & Notice of 2023 Full Year Results Gulf Keystone, a […]
By John Lee. The Ministerial Council for the Economy, chaired by Minister of Foreign Affairs Fouad Hussein, has approved a request from the Ministry of Agriculture to reduce customs duties on live animals imported for slaughtering and breeding purposes. According to the state-run Iraqi News Agency (INA), the decision was taken due to the high […]
